Month: April 2011

Tourism returns to normal in Hurghada

Occupancy rates in Egypt’s hotels have returned to pre-revolution levels as tourists regain confidence from the country’s strong political progress. Experts on the ground have highlighted the popular Red Sea Resort of Hurghada as showing particular strength with tourism surging and hotels there recording strong occupancy levels. The Steigenberger Beach Hotel, the Serenity Makadi Heights… Read more »

Spain’s Property Tour

It’s one week until Jose Blanco, Spain’s Minister for Public Works begins his 5 nation tour to promote property investment in Spain. London will be the first step on Blanco’s ‘property roadshow’ where he will be spreading the message that it’s economical, safe and sensible to invest in Spanish property right now. The beginning of… Read more »

Window of Opportunity for Egypt Property Investment

Egypt’s property market has made a speedy return over the last few weeks, with holiday home buyers returning to the market and property investors impressed by Egypt’s rapid democratic progress. A temporary shift in currency rates has created a window of opportunity for buyers outside of Egypt, particularly for those in the UK, Eurozone and… Read more »

Spain’s Property market records another month of increased interest

Spain continues to attract property buyers with another impressive month. Data gathered through-out March shows the country has experienced an increased amount of enquiries from foreign investors looking for property. One measure was conducted by Rightmove overseas who recorded a 1.2% increase in internet searches for Spanish property on their site network compared with the… Read more »

The City of Shoppers: Dubai

Dubai has been named as one of the world’s top destinations for shopping. A recent report revealed that 56% of the all major international brands had operations in Dubai highlighting the importance of the cities retail sector to the leading trademarks. A senior retail consultant for CB Richard Ellis (CBRE) explained “Historically, Dubai has been… Read more »

Dubai market conditions improve

Dubai witnessed yet another positive week of trading this week with property stocks reaching new highs. Deyaar Development rose by 9.4%, its highest level in 3 months while Union Properties climbed 14.9%, its highest point in over a year. Dubai’s financial markets as a whole ended positively this week with The Dubai Financial Market General… Read more »

Russian Investors target Spain, Turkey and Dubai

A new survey conducted by industry experts has found that Russian investors are very keen to start buying property in Spain, Turkey and the UAE. The real estate magazine International Residence surveyed hundreds of Russian buyers at Moscow’s International Investment Show to find that both Spain and Turkey were in their top 3 investment locations… Read more »

Egypt property market outlook is positive

While reduced confidence in the Egyptian property market has affected demand in the short term, the prospects for medium to long term investment look increasingly positive. A recent statement by investment advisory firm Jones Lang LaSalle explained that on-going uncertainties had caused buyers to sit on the sidelines, but their analysis predicted a positive medium… Read more »